THE THEKWINI FUND 14 (RF) LIMITED - New Instrument Listing

New Instrument Listing

The Thekwini Fund 14 (RF) Limited
(“Thekwini 14”)
New Financial Instrument Listing Announcement

Dated: 19 November 2019
Stock Codes: T14A13
ISIN Codes: ZAG000164294

The JSE Limited has granted Thekwini 14 the listing of its “T14A13”
Floating Rate Notes due 21 November 2051 (Step up and call date 21
November 2021 and issued in terms of its ZAR4,000,000,000 Asset
Backed Note Programme dated on or about 14 November 2016.

Total notes outstanding (excl. this issue) ZAR 2,168,000,000

Full Note details are as follows:

Designation of Note:           Class A13 Note
Nominal Issued:                ZAR600,000,000
Coupon Rate:                   7.90% (being 110bps over 3 month
                               JIBAR of 6.80%)
Coupon Step-Up Rate:           143bps over 3 month JIBAR
Coupon Indicator:              Floating
Final Redemption Date:         21 November 2051
First Interest Payment Date:   21 February 2020
Coupon Step-Up Date:           21 November 2021
Interest Payment Dates:        21st February, 21st May, 21st August
                               and 21st November of each year
Books Close:                   17th February, 17th May, 17th August
                               and 17th November of each year
Last day to register:          By 17:00 on 16th February, 16th May,
                               16th August and 16th November of each
                               year
Interest Commencement Date:    21 November 2019
Settlement Date:               21 November 2019
Rating:                        Aaa.za (sf) by Moody’s Investors
                               Service
Placement Agent:               The Standard Bank of South Africa
                               Limited


Sponsor:                       The Standard Bank of South Africa
                               Limited

Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.

For further information on the Notes issued please contact:
Nicholas Gunning Standard Bank (Sponsor) (011) 721 7112
Email: Nicholas.gunning@standardbank.co.za

Date: 19/11/2019 09:23:00
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